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2306 N Morgan Street, Tampa, FL 33602

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For Sale

$1,600,000

47 beds • 1,372 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $1,166.18
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Located in the highly desirable Tampa Heights submarket,2306 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each),one 1-bedroom/1-bathroom units (735 SF each). unit (682 SF), and four 2-bedroom/1-bathroom from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents: to market Several levels. Long-term tenants are paying below-market rents, creating immediateupside through Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income.Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investorlooking for steady cash flow. Positioned minutes from some of Tampa s most vibrant attractions, residents enjoy easy access to Ybor City shistoric nightlife, Downtown Tampa s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistentoccupancy, recent updates, and a prime location near all the city s key amenities, 2306 Morgan stands out as an exceptional opportunity to owna turn-key multifamily asset in one of Tampa s most in-demand rental corridors.
MLS# TB8449870

Courtesy Of Serralles Group, Inc

(813) 307-0007

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Stucco, Wood Siding
  • Floor Covering
    Carpet, Linoleum
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 2306 N Morgan Street, Tampa, FL 33602

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.